Egan
446 posts


$BTC
After forming the local top, a lot of shorts started piling in.
However, these shorts seemed to be getting closed, as funding was increasing while open interest was declining.
Now, price, funding, open interest, and spot volume are rising, indicating that both spot and perp buyers are stepping back in.
If sellers can’t absorb them, we might see another leg up.

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It’s easy to understand; now we’ll see how the PA forms, and then I’ll send an update
$BTC 👌🏻

EliZ@eliz883
$BTC update It would only be interesting if we were to break above the purple zone on the 4-hour chart Below that, I’m not particularly interested
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#btc I'm still in longs looking for new ATH's. Classic you get chop before getting them tho.
Looking for some downside early in the week, a sweep of those daily lows into the MO and our OTE / some key pivots. As long as that area holds I remain bullish targeting new highs.
Let's see what we get.

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